Businesses Likely to See Tax Hike
By Dara Gould | March 25N.C. businesses will most likely face an increase in the employer tax in 2003 because the sluggish economy and a large number of unemployed workers have drained the state's unemployment fund. The proposed increase, slated to begin Jan. 1, 2003, would increase the current rate -- 1.2 percent for the first $15,000 earned by an employer -- by 50 percent.